The VCSEL market is expected to reach USD 3.89 billion by 2023 from USD
1.78 billion in 2018, at a CAGR of 16.9% from 2018 to 2023.

This growth can be attributed to the rising adoption of VCSELs in
proximity sensing and medical applications, increasing use of VCSELs for
data communication, growing usage of VCSELs in infrared illumination,
and surge in demand for VCSELs with advancements in automotive
electronics. However, limited data transmission range restricts the
growth of the VCSEL market.

Research Coverage

Illustrative segmentation, analysis, and forecast for the market based
on material, type, application, end user, and geography have been
conducted to offer an overall view of the VCSEL market.

Major drivers, restraints, opportunities, and challenges pertaining to
the VCSEL market have been detailed in the report.

Opportunities in the market have been defined for stakeholders, along
with the details of the competitive landscape for market leaders.

Strategic profiling of key players in the VCSEL market has been done;
players have been ranked; and core competencies have been
comprehensively analyzed.